Euro CMBS Teams Feeling Subprime Squeeze

Commercial mortgage-backed securities teams across major European banks will be downsized substantially over the next two weeks and possibly into May, according to market chatter.

  • 15 Apr 2008

--Cristina Pittelli

Commercial mortgage-backed securities teams across major European banks will be downsized substantially over the next two weeks and possibly into May, according to market chatter. The units, which have been struggling since the credit crunch began, are more expendable to banks than residential mortgage-backed securities teams, which ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 4,347 16 18.54
2 Morgan Stanley 2,420 6 10.32
3 BNP Paribas 2,402 10 10.25
4 Goldman Sachs 2,096 5 8.94
5 Bank of America Merrill Lynch (BAML) 2,086 9 8.90

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 50,836.16 165 10.60%
2 JPMorgan 43,849.74 130 9.15%
3 Wells Fargo Securities 37,970.87 112 7.92%
4 Bank of America Merrill Lynch 36,089.91 118 7.53%
5 Credit Suisse 31,628.23 101 6.60%